Daktronics, Inc. is an industry leader in designing, manufacturing, marketing, and servicing electronic display systems for various sectors including sports, commercial, and transportation.

# Company Overview: Daktronics, Inc.

## Core Business Activities
- **Industry Leader** in designing, manufacturing, marketing, and servicing electronic display systems.
- Specializes in:
  - **Electronic Scoreboards**
  - **Programmable Display Systems**
  - **Large Screen Video Displays** for:
    - Sports venues
    - Commercial spaces
    - Transportation environments

## Products
- **Standard displays** including small scoreboards and electronic message signs
- **Custom-designed integrated systems** combining multiple display types and controls
- Content capabilities:
  - Real-time data
  - Graphics
  - Animation
  - Video

## Capabilities & Operations
- **Design, market, manufacture, install, and service** complete integrated systems
- **Activities include:**
  - Marketing & sales (direct and reseller channels worldwide)
  - Engineering & product development
  - Manufacturing (primarily in the U.S., with facilities in China and Ireland)
  - Technical contracting for custom installations
  - Professional services (event support, content creation, training)
  - Customer support & service (warranty, parts repair, on-site support)

## Market Vertical Segments
- **Five reportable segments:**
  1. **Commercial** (including spectacular advertising and digital signage)
  2. **Live Events** (stadiums, arenas, sports facilities)
  3. **High School Parks & Recreation** (scoreboards, video displays in schools, parks)
  4. **Transportation** (mass transit station and roadway message signs)
  5. **International** (markets outside North America, notably Europe, Middle East, Africa, Latin America)

## Customers & Market
- Over **49 million shares** of common stock outstanding as of June 9, 2025
- **Approximately 802 stockholders of record** as of June 9, 2025
- **Diverse global customer base:**
  - Local businesses
  - Out-of-home advertising companies
  - Government agencies
  - Schools, colleges, universities
  - Professional sports arenas

## Revenue & Financial Performance
- **Fiscal Year 2025 Revenue:** approximately **$756.5 million** (down 7.5% from FY 2024)
- **Net Loss (FY 2025):** **$10.1 million** (compared to net income of $34.6 million in FY 2024)
- **Gross Profit FY 2025:** **$195.5 million** (25.8% of net sales)
- **Total Operating Expenses FY 2025:** **$162.4 million**
- **Operating Income:** **$33.1 million** (4.4% of net sales)

## Employees
- **Total employees globally:** approximately **2,702**
  - Locations: U.S. (South Dakota, Minnesota), Ireland, China
- Breakdown:
  - Manufacturing: **996**
  - Sales & Marketing: **480**
  - Customer Service: **565**
  - Engineering: **405**
  - Administrative & Others: **256**

## Business Growth & Strategic Focus
- Formed a **Business Transformation Office (BTO)** in fiscal 2025
- Focus on **digital transformation**, **cost efficiencies**, and **market expansion**
- Invested approximately **$6.8 million** in transformation efforts in FY 2025
- Aims for **above-market growth**, with targeted operating margins of **10-12%** and return on capital **17-20%**

## Summary
- Daktronics designs and manufactures large-scale electronic displays mainly for sports, commercial, and transportation applications.
- Serves a broad, diverse customer base worldwide, with a focus on technological innovation, customized solutions, and market expansion.  
- In FY 2025, generated around $756.5 million in revenue and reported a net loss, with a global workforce of around 2,700+ employees.

Daktronics, Inc. is a leading designer and manufacturer of electronic display systems for sporting, commercial, and transportation applications.

# Company Overview: Daktronics, Inc.

Daktronics, Inc. is a leading designer and manufacturer of electronic display systems, offering a range of products for sporting, commercial, and transportation applications. The company specializes in integrated electronic display technology and provides related control systems, timing, sound systems, and professional services.

## Key Products and Services

- **Electronic Scoreboards**: Custom and standard scoreboards for various sports, including timing systems.
- **Programmable Display Systems**: Full-color LED displays for commercial advertising and event display.
- **Large Screen Video Displays**: Used in stadiums, halls, and other venues for real-time data and video.
- **Transportation Displays**: Intelligent transportation systems (ITS) dynamic messaging signs for traffic management.
- **Audio Systems**: Integrated sound solutions for various sports and live event venues.
- **Software Solutions**: Control and management software including the Venus® Control Suite and Show Control Suite.

## Business Segments

Daktronics operates through five principal business segments:
1. **Commercial**
2. **Live Events**
3. **High School Park and Recreation**
4. **Transportation**
5. **International**

## Financial Performance (Fiscal Year Ended April 27, 2024)

- **Revenue**: $818.1 million
- **Gross Profit**: $222.4 million
- **Net Income**: $34.6 million
- **Diluted Earnings Per Share**: $0.74

## Operational Scale

- **Year-Over-Year Revenue Growth**: 8.5% increase from $754.2 million in the previous fiscal year.
- **Employees**: Approximately 2,831 employees globally as of April 27, 2024, operating from multiple manufacturing facilities in the U.S., China, and Ireland.
- **Customers**: A diverse customer base includes governmental agencies, corporations, schools, universities, and professional sports teams, with no single customer accounting for 10% or more of total sales.

## Competitive Position

Daktronics is recognized as a technical leader in the display industry, leveraging its extensive experience and innovation to offer high-quality display solutions. The company continuously adapts to industry changes and technological advancements, with a commitment to customer satisfaction and long-term relationships.

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This summary demonstrates Daktronics, Inc.'s role as a leader in the electronic display market, highlighting their extensive product line, financial performance, and operational capabilities.

DAKTRONICS INC /SD/

10-K / June 25, 2025

10-K / June 26, 2024

10-K / June 25, 2025

Company Overview: Daktronics, Inc.

Core Business Activities

Products

Capabilities & Operations

Market Vertical Segments

Customers & Market

Revenue & Financial Performance

Employees

Business Growth & Strategic Focus

Summary